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Fly News Breaks for December 17, 2019
VIAC
Dec 17, 2019 | 08:14 EDT
Deutsche Bank analyst Bryan Kraft resumed coverage of ViacomCBS with a Buy rating and $60 price target. The analyst sees an attractive risk/reward profile at current share levels. He believes the company is already trading at a "no-growth" multiple despite a "strong" pro forma growth outlook over the next three years. Multiple expansion is not required for ViacomCBS shares to achieve 50% upside over the next two years given the growth outlook, Kraft tells investors in a research note.
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